No, USB Type-C allows multiple concurrent uses, such as: charging and using HDMI at the same time. See http://www.anandtech.com/show/8518/hands-on-with-usb-type-c-... : "This opens up the possibility for a dock scenario where a single cable to the monitor can charge a laptop and also mirror the laptop's display onto the external monitor, and the external monitor would also be able to serve as a USB hub for a keyboard, mouse, headsets, flash drives, and other USB peripherals."
Edit: @rakoo: I agree that in scenarios where you do not have a hub, it is annoying to have only 1 port. Even if the power brick integrates a USB hub it would be weird to have to plug a USB drive in the brick... I guess this opens a market opportunity: sell a tiny USB hub with 3 ports (type-C power in, type-C power out, type-A generic port) that is meant to be left almost permanently attached to the laptop or to the end of the power cord.